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Run a Star Pub

4 months ago

WestonSuperMare Somerset, United Kingdom Star Pubs Leased & Tenancy Careers Full time
Pub Overview

Increase your chances of an interview by reading the following overview of this role before making an application.

Recently refurbished, the Walnut Tree is a standout pub.

What would you do with this pub to make it even more of a success?

The area

The Walnut Tree is located in the town of Weston Super Mare, positioned at the busy Winterstoke Road & Broadway T Junction. The pub is surrounded by residential housing.

Demographics

The pub benefits from being one of only two pubs found in an area of around 5,000 adults. The customer base is made up of mature couples, retired seniors, and busy families with children.

The offer

Available on our foundation tenancy agreement. Click here for more information on this agreement . The potential of this pub lies in developing a well thought through food & drinksoffer. What food & drinks would you look to implement in the pub?

The site currently has the ability to drive trade via a selection of pub games, such as pool, and darts, live entertainment and pub games machines. The pub also has the added benefit of having a skittle alley on site and an amazing outside trading area. It offers a selection of a pub classic menu, popular beers, ciders, wines and spirits.

We’re always open to new ideas, what would you do to drive trade?

Attitude is more valuable than experience. If you’ve got the following, we’d love to hear from you.
  • Understanding of the local community and local knowledge
  • You know what it takes to build a successful business
  • You love hospitality and are great with customers

If this sounds like the incredible pub opportunity you’ve been waiting for, apply today and tell us what you can bring to this pub’s next chapter...

Features

  • Catering Kitchen
  • Live Sports
  • Pub Games
  • Private Accommodation
  • Monthly Billing
  • Weekly Billing
  • Childrens Play Area
  • Foundation Tenancy
  • Car Park
  • Outdoor Trade


Trading Area & Facilities

  • Main trading area with bar
  • 40 internal covers
  • 60 external covers
  • Catering kitchen
  • SmartDispense
  • Large well maintained garden with children’s play area
  • Car park with 30/40 spaces
  • Sports area with Pool, Darts board and gaming machines
  • Skittle Alley


Private Accommodation

The private accommodation at the Walnut Tree consists of two bedrooms, lounge, kitchen and bathroom.

Pub Financials

Annual Rent £
31,860
Estimated Annual Turnover £
483,628
Deposit £
7,969
Estimated Fixtures & Fittings Value £
15,000
Estimated Stock Valuation £
6,000
Estimated Working Capital £
3,500
Estimated Total Ingoing Costs £
32,469
Estimated Minimum Ingoing Costs £
12,156

The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.

Estimated Working Capital is an estimate of key start-up costs such as professional fees, training fee, premises license fee, F&F valuation fee & till floats. There will be additional ongoing charges payable during the term of the agreement such as property maintenance, repairs fund, SmartDispense. These costs will be outlined prior to completing a business plan and finalised at Heads of Terms.

The calculation of the Estimated Minimum Ingoing Costs assumes a minimum deposit of 1 month's rent and that fixtures and fittings (F&F) are rented. The subsequent deposit build up and F&F rental costs should be included in your financial assumptions in your business plan. Note that on FRI and Investment Tenancy Agreements deposits will always be 3 month's rent in advance and fixtures and fittings (F&F) must always be purchased. A deposit of 6 month's rent will be required for operators trading under a Limited Company with no Guarantors. In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.